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RealTime IT News

Europeans Launch Professional Car Trading Site

[London, ENGLAND] Backed by venture capitalist Insight Capital Partners, a group of European business people has launched TradingCars.com, a marketplace for traders in new passenger cars.

Headquartered in The Netherlands, TradingCars.com is aimed at making it easy for professional traders anywhere in the world to buy and sell new cars, using the speed, cost effectiveness and global reach of the Internet.

Chief Executive Allard Luchsinger said the service represented a revolutionary chance of maximizing profits for all parties involved in the professional trade in passenger cars.

"At www.tradingcars.com buyers get quick and easy access to competitively priced cars. Sellers get access to the best possible buyers. Within a few mouse clicks a price can be set, the deal can be done and all the logistics surrounding the deal can be arranged," said Luchsinger.

During the summer, the people behind TradingCars.com have been testing the concept with a pilot project. They say the test succeeded in creating a "strong global client base" and significant transaction volume without any PR or marketing.

Luchsinger, who co-founded TradingCars.com, was formerly a strategy consultant for Gemini Consulting. Prior to starting the new venture he developed business-to-business Internet strategy for a large Dutch telecom provider.

"Together with our leading financial, logistics and inspection partners we bridge the gap between electronic and traditional commerce, offering end-to-end solutions for the complete trading process," said Luchsinger.

Providing financial, logistics, insurance and inspection facilities are ABN AMRO Bank, Aon Corporation and Bureau Veritas, each of which is represented on the Advisory Board.

TradingCars.com is based on Ariba Dynamic Trade software.